Contemplated Interest When Doing An Appraisal?
The Realtor, who is a licensed appraiser and a commercial real estate broker, conducted a lender-ordered appraisal for an owner looking to refinance. Afterwards, owner decided to sell and hired same Realtor. Once under contract, the Realtor didn’t tell the buyer’s lender about serving as both the listing broker and appraiser. Did the Realtor have a contemplated interest when conducting the appraisal? Is this a violation of Article 11?
Categories
Recent Posts
Mortgage Rates Slightly Higher Despite No Fed Rate Hike
Federal Reserve votes 9-3 to leave key rate unchanged
Curb appeal can shape buyer interest before a showing
Millennials are putting down roots in Florida
Helping Renters Avoid a Costly Coverage Gap
How Landlord-Tenant Laws Are Reshaping Real Estate Markets
Addendum H Adds Flood Insurance Peace of Mind
The CRSP Contract — Flying Under the Radar
Disclose Any Fees Received From Recommending Real Estate Products or Services
AI Adds New Risks to Florida Deed Fraud
GET MORE INFORMATION
Beverly Amerman
Broker Associate | License ID: BK3235075